Building

  • Lot Size 7,803 sf
  • Rental Units 11
  • Year Built 1964
  • Parking 8 stalls
  • Storage 10 lockers
  • Zoning C2 - Neighbourhood Commercial
  • Storeys 2 + basement
  • Stabilized NOI $110899
  • Pricing Guidance $1,925,000

Situated on Government Street, this multi-family property offers investors stable rental income in a strong rental market driven by lifestyle appeal, tourism, healthcare services, and agriculture. Penticton’s unique location between Okanagan Lake and Skaha Lake continues to attract long-term residents and seasonal demand alike.

The property benefits from convenient access to downtown Penticton, beaches, parks, schools, and major transportation routes. Its central location makes it attractive to a diverse tenant base, including working professionals and service-sector employees. Notably, this is one of the few properties offering apartment living in direct proximity to Penticton Regional Hospital for hospital staff.

This is an excellent opportunity for both seasoned investors and those looking to expand their real estate portfolio in a resilient secondary market.

Rental upside potential

Well-maintained building with recent upgrades

Well located, across from Penticton Regional Hospital and proximity to restaurants and grocery
Strong rental demand with low vacancy rates

Ancillary income from storage, laundry and parking

Location Map

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